Coinbase Wallet Supports Litecoin [LTC] Following Sixth Largest Cryptocurrency

The fifth largest cryptocurrency, Litecoin or LTC is now available on Coinbase wallet, which was introduced in August 2018 to rebrand firm’s open source decentralized app (DApp) browser. It was revealed on Feb 21, 2019, via an official blog by Siddharth Coelho, Coinbase’s product lead.
Litecoin on Coinbase Wallet
The blog entitled ‘Announcing Litecoin (LTC) Support on Coinbase Wallet’ comes with a row of exchange announcing the support for Bitcoin Cash. It is quite interesting to note that the re-branded wallet is quite optimistic in listing the leading cryptocurrencies – such as adding sixth largest crypto, BCH on Feb 19, and recently on Feb 21, the fifth largest crypto, LTC.
Starting today, you can now store your Litecoin (LTC) directly in the Coinbase Wallet app – the blog hits.
Per the announcement, Coinbase wallet supports BTC, BCH, ETH, ETC, and other various ERC20 tokens and ERC 721 collectibles built on Ethereum. Following the latest updates, users can now begin storing LTC directly in Coinbase wallet app. The blog further reads ‘ LTC support on wallet will be activated by default. It elaborated that;
The new Wallet update with Litecoin support will roll out to all users on iOS and Android over the next few weeks, noted in Blog. All you need to do is tap ‘Receive’ on the main wallet tab and select Litecoin to send LTC to your Coinbase Wallet.
No Plans to Add XRP Yet
Moreover, it aims to add JSON payment protocol in future with exiting support of Litecoin Testnet, specifically for developers and power users. The blog goes on stating that by using ‘setting option, users can switch to the testnet’. Although the wallet looks well performing with timely updates and crystal clear information, it’s a striking point to notice ‘why XRP, the third largest crypto is still away from its plan’.
However, the XRP community members are on the constant urge to find the firm’s possible plans to add XRP, but as always, they end up with ‘no-response’.

Xrp!!!
— Tom Cushnie (@TomCushnie) February 22, 2019

As for now, the latest listing by Coinbase wallet is BCH and LTC – stay tuned with Coingape to know which crypto would be the next in a row of firm’s plan.
The post Coinbase Wallet Supports Litecoin [LTC] Following Sixth Largest Cryptocurrency appeared first on Coingape.
Source: CoinGape

EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise

The collective cryptocurrency market managed to hold on to the bulls as the recent upswing in prices decided to not subside. After adding nearly $10 billion to the global market cap in just under 24 hours, the market added another $3 billion the following day, spearheaded by the surging EOS [EOS] and Litecoin [LTC].
While the first massive uptrend was sparked by Binance Coin [BNB] and Stellar Lumens [XLM], EOS and Litecoin took charge the following day as the market reached $135 billion for the first time since January 10. The fourth and fifth coins respectively have been at loggerheads, constantly overtaking each other in pursuit for the coveted fourth spot which was occupied by Bitcoin Cash [BCH] for a long period of time.
EOS has amassed a 7.6 percent increase against the US dollar, the largest rise amongst the top-10. The coin was trading just under $3 for the better part of the past two weeks, prior to surging ahead at the beginning of the week. The coin began to rise on February 18, and at 11.00 UTC on the same day, the coin broke the $3-mark for the first time since mid-December.
EOS later shot up to its trading price of $3.85, at press time. The fourth-largest cryptocurrency in the market, at this point, is trading at its highest price for more than three months, a significant achievement considering the ongoing ‘crypto-winter’ that has hit the market.
In terms of the coin’s market cap, EOS broke the $3-billion mark at the beginning of the week. Since breaking the milestone, the coin has gone on to add $500 million and the current market cap of the coin stands at $3.51 billion, with a $400 million market cap lead over the trailing, but surging, Litecoin [LTC].
Exchange dominance of EOS trade volume is most noticeable on OKEx, which accounts for $215 million or 10.35 percent of the entire EOS trading volume via the trading pair EOS/USDT. The second spot was taken by Huobi Global and DigitFinex, which accounts for $107.38 million, or 5.16 percent and $104.93 million, or 5.04 percent of the trading volume respectively, on the same trading pairs i.e EOS/USDT.
Source: Trading View
Litecoin trails EOS both in the coin-ladder and in terms of the 24-hour price increase, despite a 6.8 percent incline. The coin was hovering below the $35-mark since the beginning of the month, following which it saw a massive rise on February 8, overtaking BCH and EOS in the process. In the first consideable rise, the price shot up by 36.08 percent to $45.44, and after briefly dropping to $41.46, the price broke the $50 ceiling on February 20 for the first time since mid-November. At press time, the coin was trading at $51.20, and is looking to sustain the rise.
Digital Silver has joined EOS in the “$3 Billion Dollar Club” breaking the said barrier at 1000 UTC on February 20. Litecoin had not crossed the $3 billion-dollar valuation since the BCH hardfork in mid-November. At press time, the coin had a market cap of $3.1 billion, leading the trailing Bitcoin Cash by just under $430 million.
Source: Trading View
The post EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin Up over 120% Since December Low, What’s Fueling Litecoin to Outperform Bitcoin

The 5th largest cryptocurrency Litecoin has been having a green February for the most part as it surges 59 percent in this month alone. At the time of writing, Litecoin has been trading at $51.50 with 24-hours gains of 6.03 percent. In the BTC market as well, it has been in the green by over 6 percent.
While the top cryptocurrencies like Bitcoin, XRP, Stellar, Tron, Cardano, Bitcoin SV, IOTA, and Monero have turned red by around 1 to 2 percent, it’s amazing that Litecoin is still holding gains.
Since hitting the bottom in mid-December at below $23, Litecoin has climbed more than 120 percent, outperforming the top cryptocurrencies, especially Bitcoin.

                     LTC price chart, Source: Coinmarketcap
It is not only the Litecoin price that is surging, but the LTC/USD longs are also approaching its all-time high in November 2018. With the way the longs are spiking, there is a low possibility that a severe drop would be happening.

                     LTC/USD Longs, Source: TradingView
Litecoin Outperforming Bitcoin
Meanwhile, the February month saw Litecoin trading volume going well above $1 billion. Currently, LTC is managing the daily trading volume of $1.54 billion which is seeing a slight increase from yesterday’s $1.4 billion, unlike Bitcoin’s daily trading volume that yesterday hit its highest at $9.9 billion in about 9 months only to now drop down to $8.8 billion. According to the data provided by Coin Metrics, on February 9th, the exchange volume went to $1.7 billion for LTC and the last time Litecoin’s daily trading volume has been above $1 billion has been a year back in February 2018.

                           Litecoin Exchange Volume (USD), Source: Coin Metrics
This is not the first time that Bitcoin has been outperforming Bitcoin by price and trading volume increment as the 5th largest cryptocurrency has historically led the Bitcoin rallies as well, as Joe McCann said,
“Looking at how LTC has outperformed BTC since the epic selloff on November 14th 2018, we can see that LTC has outperformed BTC by better than 4:1 from current cycle low to current session high. As mentioned before, LTC has historically led BTC rallies…”

In the first week of February, Litecoin price started seeing a surge on the grounds of Litecoin creator, Charlie Lee announcing new features in the form of fungibility and Confidential Transactions to be added on Litecoin. However, unlike the previous time, Litecoin Foundation took active steps this time by exploring Mimblewimble implementation and collaborating with Beam for this.

Apart from the trading volume keeping the prices up, the on-chain transactions on Litecoin have been keeping stable around 20k. Even during the bear market, the transactions have held their ground that means speculators have fled from the Litecoin market, as noted by eToro senior analyst, Mati Greenspan, who further added,
“Unlike Bitcoin, $LTC has already snapped its long term bearish trend line (yellow) at the beginning of the year. At the moment, there’s a strong psychological resistance at $50, but after that it’s smooth sailing #ToTheMoon.”
Well, Litecoin has already crossed $51 and now with only about 168 days are left in Litecoin reward halving, it would be interesting to see where will this short-term rally lead to or if Litecoin is leading another rally to the peak!
The post Litecoin Up over 120% Since December Low, What’s Fueling Litecoin to Outperform Bitcoin appeared first on Coingape.
Source: CoinGape

Litecoin [LTC] Price Analysis: Bulls seize the initiative as coin prices surge

Over the week, the fifth largest digital asset on CoinMarketCap, Litecoin [LTC] has maintained its bullish momentum that has translated into a price movement upwards.
During the day, the digital coin slipped to a low of $47.32 before trading across a high of $49.18.
At press time, the silver coin held a market capitalization of $2.95 billion and was priced at $48.50. The valuation for the coin sprung up by 4.46% with a total trading volume of $1.48 billion registered during the past 24 hours.
OKEx has been facilitating high volumes of trading via the trading pairs LTC/BTC and LTC/USDT. The pair LTC/BTC has encompassed a volume of $80 million at a price of $48.31, followed by LTC/USDT with a trading volume of $78.08 million valued at $48.54. Additionally, LTC/BTC has been trending at Coindeal claiming a volume of $74.09 million at a price of $48.33.
1-hour
Source: TradingView
In the hourly chart for LTC, an uptrend from $43.85 to $46.98 and a downtrend from $48.37 to $47.34 has been recorded.
The coin has surpassed resistance levels at many points post-surge and it is to be seen if LTC can break through the new traction of $50.00, rewinding the bullish phase of the previous year. The support marked for the chart is at $47.08.
Parabolic SAR: The dotted lines can be found below the candles, indicating the bull’s contribution to the price momentum of LTC.
Awesome Oscillator: The lines turning green in the AO further suggests a bullish trend for the coin.
Klinger Oscillator: The KO indicator, however, exhibited a bearish trend with the reading line hovering below the signal line.
1-day
Source: TradingView
An uptrend from $32.71 to $43.20 and a downtrend from $55.82 to a low of $32.09 has been registered for the one-day analysis of LTC. The resistance during this time is noted at $51.11 and that of support is at $40.97.
Bollinger Bands: Expanding Bollinger Bands indicate high fluctuation and volatility in the coin’s price.
Chaikin Money Flow: The CMF graph treads above the zero-line, indicating some money flow into the market due to the bulls.
MACD indicator: The MACD line treading above the signal line also predicts a bullish course.
Conclusion
The Parabolic SAR, AO, CMF as well as MACD all project the bulls to hold their course while the KO suggests some bearish activity.
The post Litecoin [LTC] Price Analysis: Bulls seize the initiative as coin prices surge appeared first on AMBCrypto.
Source: AMB Crypto

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

CoinSpeaker

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

Grayscale revealed that Bitcoin products were invested in most, with 66 percent of inflows received from institutional investors.

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

Continue reading at Coinspeaker
Source: CoinSpeaker

EnjinX Set to Become an Etherscan for Mainstream Audience

CoinSpeaker

EnjinX Set to Become an Etherscan for Mainstream Audience

EnjinX, a new Ethereum blockchain explorer, is here to facilitate interaction with blockchain data for mainstream users.

EnjinX Set to Become an Etherscan for Mainstream Audience

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

CoinSpeaker

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

The overall cryptocurrency market posts steady recover on Monday with Ethereum taking the lead by surging over 10%. Take a look if today’s surge sets up the base for the long term recovery.

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

CoinSpeaker

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

XRP enthusiasts can now store the digital asset as well as spend it using Spend Visa Debit Card in 180 countries.

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

Continue reading at Coinspeaker
Source: CoinSpeaker

Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility

The fourth largest cryptocurrency in the world with respect to market capitalization on CoinMarketCap, Litecoin [LTC] soared moderately during the early part of the day.
The silver altcoin opened at $41.88 and climbed up to a high of $42.55, a day during which the price of the coin also fell to a low of $41.27.
At the time of writing, the coin had a market capitalization of $2.58 billion with a 24 hour growth of 2.71%. Priced at $42.66, the total volume of LTC traded across the market space was around $932.14 million.
The top three LTC pairs are trending at Coineal, ZB.COM and OKEx respectively. LTC/BTC at Coineal, is leading with a trading volume of $56.70 million and is priced at $42.69. The second position is occupied by LTC/USDT at ZB.COM with a volume of $45.01 million at $44.13.
1-hour:
Source: TradingView
In the hourly chart, LTC exhibited an uptrend from $40.97 to $41.76 and a downtrend from $43.97 to $41.19. The immediate resistance is noted at $46.42 and the support at $37.68.
Parabolic SAR: The dotted markers are all oriented below the candlesticks, indicating that the price momentum of LTC is exhibiting a bullish trait.
MACD: The MACD line above the signal line further marks a potential bullish trend for the silver coin.
Awesome Oscillator: The AO indicator in the hourly chart suggests a bearish trend with the lines turning red.
1-day:
Source: TradingView
An uptrend from $33.12 to $42.09 and a major downtrend from $55.84 to $38.95 has been recorded for the one-day chart of the coin. The immediate resistance is marked at $46.42 and the support point is at 37.68.
Bollinger Bands: The major expansion of the bands suggests high price volatility of the altcoin in the market.
Chaikin Money Flow: The CMF graph is moving above the zero-line, suggesting that the bulls have initiated a flow of capital into the market.
Klinger Oscillator: The reading line is treading below the signal line, indicating that the coin’s price is following a bearish pattern.
Conclusion
The CMF, Parabolic SAR and the MACD indicators give the edge to the bull. On the other hand, the KO and AO indicate the coin following a bearish trend supplemented by a degree of fluctuation.
The post Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Bear’s grasp over the coin tightens

With a total market cap of only $120 billion, most of the crypto assets on CoinMarketCap are now in the red. Despite last week’s surge, digital currencies have stepped back, falling behind support levels, including Litecoin [LTC], which currently stands fourth after a sudden flip last week.
The silver crypto opened at $43.83 and traded at a high of $44.51 before falling down to $41.42 and finally, closing at a low, recorded at $42.00.
The pair LTC/BTC has been trending on five different exchanges. Leading the way was OKEx, with a 24-hour volume of $63.91 million. The second exchange platform on the list was Coineal, with a volume of $57.63 million, was followed by DigiFinex with a volume of $56.63 million.
At the time of writing, the market capitalization held by LTC stood at $2.51 billion. LTC was valued at $41.56, with a volume of $1.09 billion. The fourth-largest coin displayed a slip of 2.15% in the past 24 hours.
1-hour:
Source: TradingView
An uptrend from $43.01 to $43.67 has been recorded for the coin on the hourly chart. The downtrend for the same has been recorded from $46.52 to $43.68. The resistance is marked at $42.35, while the support is at $40.78, which is uncomfortably close to the price of the coin.
Parabolic SAR: Dotted markers are placed above the candles, suggesting a bearish phase for the silver coin.
Chaikin Money Graph: The CMF is trending just below zero, suggesting that money inflow is lower than the outflow.
Klinger Oscillator: With the reading line looking to move over the signal line, the KO indicator predicts a potential bullish crossover soon.
1-day:
Source: TradingView
An upward trend from $23.25 to $30.68 and a massive downward trend from $55.91 to $38.87 has been recorded on the altcoin’s one-day chart. The immediate resistance noted for this time period is marked at $46.48 and the support point is at $38.67.
Bollinger Bands: The diverging Bollinger Bands suggest a high probability for a significant price fluctuation in the LTC market.
Awesome Indicator: The lines are slowly turning red, indicating that the price momentum is moving towards a bearish phase.
MACD: The MACD line is placed above the signal line. This suggests that a bullish market may soon be in the offing.
Conclusion:
Parabolic SAR, CMF, AO indicators all paint a bearish picture for the LTC market. However, a faint bullish trend is predicted by the KO and MACD indicators. Price movement for the coin seems inevitable as the Bollinger Bands suggest some price volatility in the future.
The post Litecoin [LTC] Price Analysis: Bear’s grasp over the coin tightens appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Hash Rate on an Uptrend since mid-December amidst a Swift Kick to Adoption

Despite the ongoing market, Litecoin hash rate has been seeing growth for two consecutive months after hitting the lowest in mid-December, 2018. Currently at 5th position, having flipped by EOS, Litecoin has partnered up with Send app that allows to buy, sell and pay with Litecoin through Visa cards.
Litecoin Fundamental Showing Strength
Since January, Litecoin has been seeing a lot of development and growth as it works on becoming the new payment of choice globally while exploring fungibility and confidential transactions.
When it comes to fundamentals, Litecoin has been seeing another uptrend as it surpassed 200TH/s (terahash) hash rate despite the ongoing market condition. After hitting the peak in May 2018, it has been on a constant slide but in mid-December, the hash rate been on growth for two consecutive months.
While the Litecoin price is down 88 percent from its peak at $360, the network security has only fallen by about 30 percent, as per the Bitinfocharts data.

Back in April 2017 was the last time, the hash rate was this high when the price was about $128. In May 2018, the hash rate topped at 342TH/s at around $120 value. After hitting the bottom in December last year at 146TH/s along with the price at $28, now, it got the chance to catch up as it has been growing ever since.
Buy, Sell, & Pay with LTC via Visa card
Litecoin has been yet again flipped by EOS as the prices turned red. With the 24-hours loss of over 5 percent, it is currently trading at $41.55 while registering about 5 percent loss in the BTC market.

LTC price 1-month chart, Source: Coinmarketcap
While at the adoption front, Litecoin has been gaining traction as now Spend has announced that its users can make transactions with Litecoin through their Visa Card. Spend app allows users to have access to a multi-currency digital wallet that they can link to a bank account meaning they get to buy, sell, and make payments in LTC via Spend Visa Card.

Litecoin is now available on the #SpendApp. You can buy, sell and #PayWithLitecoin with your linked bank account. Spend #LTC at 40+ million locations with the Spend Wallet by instantly converting to fiat with the #Spend Visa® Card!@SatoshiLite @LTCFoundation @LiteCoinNews pic.twitter.com/LC3gC54xUP
— Spend.com (@SpendCard) February 11, 2019

After having problems with Litepay and TenX, Litecoin is finally able to provide the ease of paying with Visa cards which will make it available in 40 million stores worldwide.
The post Litecoin [LTC] Hash Rate on an Uptrend since mid-December amidst a Swift Kick to Adoption appeared first on Coingape.
Source: CoinGape

Litecoin [LTC] creator Charlie Lee elucidates on the fungibility of Bitcoin and Litecoin

Charlie Lee, the creator of Litecoin, elucidated on Fungibility, during the thirteenth episode of Magical Crypto Friends. Here, even Samson Mow, the CSO of Blockstream, opined on the same topic by adding the concept of tainted coins.
Prior to speaking about Fungibility, the creator of one of the world’s largest cryptocurrencies emphasized on the importance of privacy and fungibility and added that they are the next battleground for the currency. Moreover, Litecoin is currently looking into Confidential Transactions, in order to ensure that the coin is fungible, according to the announcement made by Charlie Lee earlier this month on Twitter.
During the discussion, Lee explained Fungibility as,
“So, fungibility basically means that each unit of the coin or money whatever it is is indistinguishable and cannot be discriminated against. Right, so if you, for example, I like give you go to a store and need to pay like $5 for a cup of coffee and you pick up a $20 bill from there from wallet you don’t really care which one you take out it they’re exactly the same to the recipient.”
However on the contrary, this is not the same case with Bitcoin and Litecoin, implied Charlie. He added that a person’s account is shut down if Bitcoin or Litecoin is being sent from a darknet marketplace or a gambling site or any place that is not approved by regulations. He said,
“So, the coins that you spend are not fungible so a lot of times even myself when I’m spending coins I have to like decide which output to you use right if I just buy the coins for an exchange I may not know may not want someone to know how many coins I have or link to my other coins and I choose an output that came from somewhere else”
He went on to say,
“And that’s just not a very good way not very good money when you have to do that so something like confidential transactional will help right it will make amounts blind it so you don’t know how much you’re spending how much people won’t be able to see how many coins you’re actually spending that helps a lot with privacy but it’s not it’s not a perfect solution like you need some route privacy also so you can’t track coins.”
This was followed with Samson Mow speaking about Fungibility and tainted coins. He said,
“The whole idea of taint also comes into play. So the idea that some coins are dirty some are clean because some might have been used for you know on Silk Road or whatever so they’re dirty coins and some coins are cleaner. So you might want like straight off the coin base from from a mining or maybe one hop away from mining mining pools wallet or something like that but having this kind of differentiation between different coins at least theoretically is bad for the ecosystem because then your money is not sound money it’s not really good.”
The post Litecoin [LTC] creator Charlie Lee elucidates on the fungibility of Bitcoin and Litecoin appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Token exhibits bullish momentum as prospect of the bear looms

Litecoin [LTC] stands tall as the fourth-largest digital asset on the CoinMarketCap replacing EOS. The silver crypto coin was one of the best performers during the huge surge last weekend. LTC managed to successfully rally up against its resistance.
The digital coin opened at a high of $46.88, reached a low of $42.40 before closing down at a value of $43.18. The volume of LTC traded during the day accounted $1.3 billion.
During the last 24 hours, the pair LTC/BTC has been trending at four exchanges. The pair has been leading at OKEx sweeping a volume of $74.14 million, priced at $43.71. This was followed by Coineal, where the volume traded was registered at $62.04 million, valued at $43.72. The pair was trending third at Dobi Exchange with a volume of $61.93 million at $43.73. Additionally, LTC/BTC reposed at DigiFinex with a volume of $55.19 million at $43.75.
At the time of writing, LTC had been trending at a market cap of $1.3 billion, priced at $43.39. The volume of the digital coin being traded during the past 24 hours stood at $1.16 billion, with a slump of 2.16%.
1-hour:
Source: TradingView
LTC exhibited an upward trend from $33.42 to $43.04 and a downtrend from $46.48 breaking the resistance, then falling to $43.36 in the hourly chart. The resistance is marked at $43.95 and the support at $42.10.
Bollinger Bands: The converging BB suggests low volatility in the price momentum for the coin.
Awesome Oscillator: The lines turning red in AO indicator predicts a possible bearish pattern for the coin.
Chaikin Money Flow: The CMF graph is above the zero-line indicating the coin’s valuation entering a bullish zone.
1-day:
Source: TradingView
LTC showed an uptrend from $55.94 to $33.13 and a downtrend from $46.49 to $32.16. The resistance for the one-day chart has been recorded at $49.31 and that of support at $30.60.
Parabolic SAR: The dotted lines aligned below the candles predicts a bullish pattern for the coin’s valuation.
MACD indicator: The MACD line is above the signal line, further suggesting LTC following a bullish trend.
Klinger Oscillator: The KO indicator suggests a potential bearish cross-over.
Conclusion:
The AO in the hourly chart and KO in the one-day chart predicts the coin steering itself toward the bear zone, however, the CMF, Parabolic SAR and MACD indicator sides with the bull.
The post Litecoin [LTC] Price Analysis: Token exhibits bullish momentum as prospect of the bear looms appeared first on AMBCrypto.
Source: AMB Crypto

EOS [EOS] surges by 7 percent to overthrow Litecoin [LTC] from the top 4

After weeks of back and forth, EOS [EOS] has pushed out competitor coins and has confirmed its position among the top 4 cryptocurrencies in the global market. The recent price bump on February 12, has pushed the price of EOS up by a whopping 7 percent over the past 24 hours which has resulted in the coin breaking into the elite four of the coin market, joining the likes of Bitcoin [BTC], Ethereum [ETH] and XRP.
Litecoin [LTC], which saw a massive 30 percent price increase on February 8, is the coin that makes way for the bullish EOS as the former’s market cap is now trailing the latter by just under $40 million in the race. Also left in EOS’s wake is Bitcoin Cash [BCH], a coin that had long held the 4th position and which now finds itself in the sixth spot behind Litecoin by a market cap of over $450 million.
EOS has well and truly made up for its January slump which saw the price of the coin get slashed from $2.95 to $2.25 i.e. a 23.72 percent price decline in a matter of 4 days between January 10 and January 14. During the same bearish period, the coin’s market cap fell from $2.67 billion to under $2 billion and the coin closed the month off at a market cap valuation of $2.103 billion. At the end of January, EOS was neck-and-neck with Bitcoin Cash [BCH], in terms of market capitalization.
Source: TradingView
February, however, started off in good stead for EOS, with the coin’s price rising by a significant 18.37 percent from $2.34 to $2.77 and the market cap pushing above the $2.4 billion mark. This price boost was accompanied by a massive Litecoin push of over 30 percent in a 24-hour window, which saw LTC overtake EOS and Bitcoin Cash to take the fourth spot. EOS, despite seeing a consistent double-digit price increase had to settle for the fifth spot, which it held despite pressure from Bitcoin Cash.
On Wednesday, February 12, the coin saw a massive 7 percent price increase against the US dollar, which pushed the coin to $2.98 from $2.78 just a few hours earlier. This massive price increase also saw a spurt in the coin’s market cap, which now stands at $2.68 billion, whereas, less than a week ago, the market cap was just above the $2.1 billion mark. This collective increase saw EOS overtake Litecoin only 6 days after the coin overtook 3 coins in succession to take the fourth spot.
Litecoin is currently trading in the green however, its 24-hour increase against the US dollar is nowhere near that of EOS. The price of LTC has marginally shot up by 0.58 percent and the coin is now priced at $44.04, with a market cap of $2.66 billion. Despite the relatively smaller gains of Litecoin, the fifth largest cryptocurrency in the market has seen its price increase from $33.07 on February 8, by a mammoth 42.39 percent to $47.09 as valued at the beginning of trading on February 11.
Bitcoin Cash [BCH] has been left in the wake of the aforementioned two coins, languishing two spots below, taking the sixth position on the global coin ladder. Bitcoin Cash fell out of the top 4 on February 8, after both EOS and Litecoin saw double-digit surges. At press time, BCH had managed to rise against the US dollar by 3.23 percent and is priced at $125.62, and is second-highest gainer in the top-10, behind EOS. Bitcoin Cash posted a market cap of $2.2 billion which is $450 million behind that of Litecoin and $475 million behind that of EOS.
The post EOS [EOS] surges by 7 percent to overthrow Litecoin [LTC] from the top 4 appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis

The total crypto market cap is currently consolidating gains above the $115.0B support level.
Litecoin (LTC) price settled above the $40 and $42 support levels, with a bullish bias.
Bitcoin cash price is slowly correcting lower towards the $120 support.
Tron (TRX) price declined more than 4% and broke the $0.0250 support level.
Stellar (XLM) price remained below the $0.0850 and $0.0800 resistance levels.

The crypto market is currently moving in a range after a decent rally. Bitcoin (BTC), Ethereum (ETH), litecoin, ripple, bitcoin cash, tron (TRX), stellar (XLM) might continue to consolidate before the next move.
Bitcoin Cash Price Analysis
Bitcoin cash price spiked recently above the $120 and $125 resistance levels against the US Dollar. However, BCH/USD failed to stay above the $125 and later started a downside correction. It is trading below the $123 level and it may continue to move down towards the $120 support.
On the upside, the main resistance is near the $125 level, above which the price could rally towards the $130 and $132 resistance levels.
Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis
Litecoin price performed really well this past week as it broke the $38 and $40 resistance levels. LTC even spiked above the $45 resistance and later started a downside correction. The price remains well supported on the downside near the $40 level.
Tron price struggled to clear the $0.0265 and $0.0270 resistance levels recently and corrected lower. TRX price declined more than 4% and it is currently trading below the $0.0250 support level.
Stellar price remained in a bearish zone below the $0.0285 and $0.0280 resistance levels. XLM price is currently down around 2% and it seems like it could test the $0.0750 support level in the coming sessions.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $115.0B and $118.0B resistance levels. The market cap tested the $120.0B resistance and later started a short term correction. It is currently well supported above $115.0B, which could result in bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the near term.
The post Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis appeared first on NewsBTC.
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